The USDA Economic Research Service on May 29 released its latest quarterly trade outlook report, announcing the agency now expects the value of fiscal year (FY) 2025 ethanol exports to reach $4.3 billion, up from the February outlook of $4.2 billion.
FY 2025 began on Oct. 1, 2024, and ends Sept. 30, 2025. If realized, the $4.3 billion in FY 2025 ethanol exports would be up approximately 3% when compared to $4.17 billion in ethanol exports reported for FY 2024.
Data included in the report shows the value of U.S. ethanol exports during the first half of the current fiscal year, the six months spanning October-March 2025, reached $2.265 billion, up approximately 13% when compared to the $1.997 billion in exports reported for the same period of FY 2024.
In terms of volume, USDA data indicates U.S. ethanol exports reached nearly 1.06 billion gallons during the first six months of FY 2025, up 27% when compared to the 835.05 million gallons exported during the same period of FY 2024.
According to information released by the DOE last year, the project was expected to use LanzaTech’s gas fermentation technology, a biotech-based carbon recycling process, and power carbon intensity (CI) hydrogen to create sustainable ethanol and ethylene. Phase 1included plans to conduct front end engineering design (FEED), develop project plans, provide documentation and reports necessary to complete NEPA review and engage with community and labor stakeholders.
“While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, the Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment,” said U.S. Secretary of Energy Chris Wright. “Today, we are acting in the best interest of the American people by cancelling these 24 awards.”
